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“Girls Gone Wild” goes bankrupt

Officials with Girls Gone Wild said filing for bankruptcy will not affect their international or domestic operations. The company said frivolous law suits prompted the filing of the bankruptcy.

Mar 1 2013, 10:20am CST | by

“Girls Gone Wild” goes bankruptGirls Gone Wild
Photo Credit: Getty Images

LAS VEGAS, Nev. – “Girls Gone Wild” is now “Girls Gone” bankrupt.

Known for its racy videos of college-age women, often intoxicated, baring it all and sometimes having sex, the “Girls Gone Wild” company has declared bankruptcy. Founder of GGW Brands LLC, Joe Francis was sued by a woman for using naked pictures of her without permission. The court granted Tamara Favazza $5.8 million in damages.

In 2012, Wynn Las Vegas owner, Steve Wynn won a defamation of character and slander lawsuit against Francis to the tune of $10.3 million. A Nevada judge ruled that Francis lied by making claims that Wynn tricked gamblers.

While Francis was not mentioned in the bankruptcy case, a company official signed off on the Wynn case. The company disputes the award granted to Favazza.

A GGW official said the bankruptcy was necessitated because it was the target of frivolous legal actions. The bankruptcy filing, according to the statement, will not affect Girls Gone Wild's domestic or international business.



Via Bloomberg and The Washington Post.

 
 
 

<a href="/latest_stories/all/all/19" rel="author">Jeffrey B. Roth</a>
A multi-award winning writer, Jeffrey B. Roth is a well-known investigative reporter, who covers crime, law, politics, sciences, business, medicine, education, history and a wide range of other topics. In 2010, Roth won first place for a new series in the Keystone Press Awards, sponsored by the Pennsylvania Newspaper Association. A published short story writer and poet, Roth is listed in the Locus Index of Science Fiction and Fantasy Authors. Currently, Roth writes for CBS Philadelphia, CBS Baltimore, the Philadelphia Examiner and regional publications, including Carroll Magazine, Carroll Business Quarterly and Hagerstown Magazine to name a few. In the past, Roth, a former crisis intervention counselor and teacher, has written for numerous Pennsylvania newspapers, state and national magazines and the Associated Press. He lives in the foothills of the Appalachian Mountains, west of Gettysburg, Pa.

 

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